I get your point. Ashland has dressier wallets as well. But I don't think the materials used in this wallet warrant the asking price. Plus, they are likely not hand-made, probably do not come with life-time guarantee as provided by Ashland and several other leather craftsmen in US. More importantly, the shell leather used in those wallets are in various rich colors such as burgundy, whisky, magenta, etc, and they look especially stunning under sun light, showing a depth of color that not seen in a black wallet in this drop. I have recently bought an Ashland bifold wallet with bison leather exterior, it is my favorite winter wallet right now. The leather has an amazing pattern of rich brown and tan color, and for only $75. Can't beat that!